What they have basicly done is gone private but are in default of their corp status. Definitely grounds for a suit imo
Pinnacle/Serac did not deregister their shares...they were revoked.
They could have deregistered their shares via a request with the Securities and Exchange Commission. They were wiped out by revocation.
Companies can go private by deregistering and there is nothing a shareholder can do. Companies do not go private by revocation.
Even Hall's attempt at stating a public/private company is fraud because having over 300 shareholders does not give you the chance to relist.
Even deregistered companies have to keep filing with the SEC if they ever want to re-register.
Revocated companies can never re-register with the SEC. The are revoked...electrocuted..killed.
Look at the SEC notice. I believe it was federal and acted upon by the SEC....NOT requested by the company.
The SEC cannot deregister shares Companies cannot revoke their shares The SEC can legal shut you down permanently via revocation Companies can legally deregister shares.
Market Data 
Markets 
AI
